Guideline Value for ABT Road

ABT Road guideline value

The current guideline value of ABT Road in Ward 3 village under the Pollachi SRO is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Special Type - IV.

How the guideline value of ABT Road has changed

The guideline value for ABT Road has seen several revisions over the years. In 2007, the value was Rs 1,245 per sq.ft, which increased to Rs 1,700 per sq.ft in 2012. However, it then decreased to Rs 1,139 per sq.ft in 2017. From 2017 to 2023, the value rose significantly by 49%, reaching Rs 1,700 per sq.ft in the 2023 revision. The 2024 revision also maintains the same value of Rs 1,700 per sq.ft, indicating no change from the previous year.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 37%.

Guideline values in Ward 3

In Ward 3, there are 46 streets under the Pollachi SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,500 per sq.ft. The median value for these streets is Rs 883 per sq.ft, placing ABT Road's 2024 figure above this median.

• Anna Colony: Rs 350 per sq.ft (2024)
• Antigounder Street (Karikal Cholan street): Rs 2,500 per sq.ft (2024)
• Arokiyanathapillai Street: Rs 2,000 per sq.ft (2024)
• Arumugham Street: Rs 911 per sq.ft (2024)
• Balamanikam Cheeti Street: Rs 911 per sq.ft (2024)
• Banglow Road: Rs 1,850 per sq.ft (2024)

Stamp duty and registration fee for property in ABT Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total costs to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers ABT Road?

The Sub Registrar Office covering ABT Road is the Pollachi Sub Registrar Office, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 3

The guideline value is a crucial factor during the registration of property transactions in Ward 3. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of ABT Road?

The current guideline value of ABT Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 1,700 per sq.ft in both 2023 and 2024, compared to Rs 1,139 per sq.ft in 2017 and Rs 1,700 per sq.ft in 2012.

What is the land classification of ABT Road?

ABT Road is classified as Commercial Special Type - IV, which impacts its guideline value and potential uses.

What are the stamp duty and registration fees for property on ABT Road?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for ABT Road?

The Pollachi Sub Registrar Office handles registrations for ABT Road, located at No.104, Taluk Office Campus, Coimbatore Road, Pollachi - 642 001.